CGS launches new identity and positioning as leading investment house in Asia
CGS International Securities (CGS) has officially launched its new brand following the completion of CGS International Holdings Ltd’s (CGI) acquisition of CIMB Group Sdn Bhd’s (CIMB Group) stake in the two parties’ joint venture in December 2023.
Representing the past, present and future of CGS International, Xue Jun, President, China Galaxy Securities (CGS), Tan Sri Nazir Razak, chairman and founding partner of Ikhlas Capital, Goh Geok Khim, Executive Chairman of GK Goh Holdings and Carol Fong, Group CEO of CGS International, addressed over 300 guests.
These include Zong Changqing, Minister Counsellor, Embassy of the People’s Republic of China in the Republic of Singapore and Fu Xiaohui, Secretary General, China Enterprises Association (Singapore), at the brand launch.
CGS has 45 years of operating success and track record in Asia. The company has embarked on a forward-looking business transformation since 2021. Led by its customer centric philosophy, it has built a comprehensive suite of products and services, including wealth solutions, prime services, investment banking and asset management, while driving cross-country collaborations to enhance productivity and crossselling opportunities.
It has set targets to double revenue to US$700 million by 2030, and a long term vision to become a leading investment house, one of the first with Asian roots.
Fong said: “As the new CGS International, we are ready to pursue a broader vision to become Asia’s global investment house.
“In 2022, we set out our strategic blueprint to steer the Group towards a diversified and sustainable business, and have already achieved significant milestones.
“These include completing over 40 investment banking deals in Singapore, Malaysia and Thailand, and obtaining investment banking licenses in Malaysia, Indonesia, Singapore and Thailand and asset management licenses in Singapore, Malaysia and Thailand. “These achievements are just a small glimpse of the scale of our ambitions as we broaden our fundamental value proposition.”
CGS has also successfully launched two major ETFs in Singapore, an oversubscribed Commercial Papers Programme in Malaysia, a new line of structured warrant products in Indonesia, and led the underwriting for Credit Bank of Thailand’s initial public offering.
Sustainability integration is high on CGS’s priorities. The company has been incorporating ESG principles into its business, being the first investment house in Asia to fully integrate “ESG in a nutshell” into research reports since 2021.
It has been building its ESG capabilities, and now has a team of eight to drive its ESG initiatives throughout the Group. It launched its 5-year ESG roadmap in 2023 and set out eight focus areas.
While it is still in the early stages of its sustainability journey, CGS International endeavours to champion sustainable growth and societal impact.
With its deep roots in the Asean markets of Malaysia, Indonesia, Singapore and Thailand and strong Chinese parentage, CGS International is poised to become the nexus for China Asean relations and the gateway to Asia. Leveraging the extensive network and market position of CGS in China, CGS International is able to provide investors with unparalleled access to the Chinese market, and bridge China and ASEAN businesses and capital.
Xue Jun said: “CGS’s extensive global presence in over 10 countries and regions has greatly boosted CGS’ internationalisation plans.
“It has become an integral and important member of CGS Group, playing a pivotal role in connecting capital flows and opportunities, and promoting China-Asean collaborations and investments.
“CGS will work closely with CGS International to facilitate greater economic collaboration, cross border investments and financing, and support the overseas expansion of more quality Chinese enterprises.”
CGS’s strategic positioning will ride on the rising wave of China-Asean relations, offering Southeast Asian and Chinese businesses more opportunities to foster partnerships.